Kaohoon’s Top News on October 14, 2020

Top news from Kaohoon Turakij Newspaper to start the trading day on October 14, 2020.

  • Deja Tulananda, Chairman of the Board of Executive Directors of BBL, stated that the company’s year end capital funds will be at 18%, which would be enough to cover its NPL and business expansion throughout 2023, and the company had no plans to issue additional debenture to fund its Additional Tier 1. Meanwhile, the analyst upgraded the net profit forecast of BBL by another 4% after the acquisition of “Permata Bank”, estimating a dividend yield at 6.3%.
  • RBF revealed that the company’s performance in 2H20 would be better than the 1H after bottomed out in the second quarter, buoyed by the recovery in demand and stimulus measures from the government. The revenue in 2020 was expected to rise 10-12%, while maintaining a GPM at 40%. The analyst recommended a “BUY” with a target price at ฿11.10/share.
  • ACE expected to bid for a 150MW community power plant project with high confidence, stating that the cost production is compatible with other bidders.
  • BAM will be entering SET50 in the first half of 2021, while SCGP will be listed according to the “Fast Track” measures.
  • Siamrajathanee Public Company Limited (SO) expected to advance above its IPO at ฿6.50/share in response to being the leading company in an all-rounded outsource services in Thailand. The analyst expected net profit in 2020 at 127.40 million baht, an increase of 18.60%.

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